Prepare for whatever tomorrow brings.
Climbing costs of education.
You don’t know where your student’s educational journey will take them – or how much money it will take to get there. As the cost of college and other educational avenues continue to increase, you can help your student rise to the occasion by setting savings goals now.
How much do you need to save?
In 2021-2022, the average published tuition and fees for full-time in-state students at a public four-year institution was $10,740. 20 years ago, the average cost was $5,720.1
See how college costs are rising Type of School 1991-1992 2001-2002 2011-2012 2021-20202 Private Non-Profit Four Year $19,360 $26,380 $33,320 $38,070 Public Four Year $4,160 $5,720 $9,890 $10,740 Public Two Year $2,310 $2,440 $3,550 $3,800
Education pays off big.
Regardless of rising costs, saving for your student’s education is one of the best investments you can make. Statistics and studies show the further an individual advances their education, the more opportunities and earning potential they will have in the future. That’s why educational savings today offers such a huge return on investment long term.
The more you learn, the more you can earn.
Earn more by going to college Education Level Earnings Less Than a High School Diploma $633 High School Graduate $817 Some College or Associate Degree $942 Bachelor’s Degree $1,358 Advanced Degree $1,661
This return does not represent any particular investment and does not reflect the impact of fees or expenses, if any.
This graphic is for illustrative purposes only. Actual returns will vary.2
Investment Amounts Down the Road Monthly Contributions 5 Years Invested 10 Years Invested 15 Years Invested 18 Years Invested $50 5 Years Invested: $6,623 10 Years Invested:$11,914 15 Years Invested:$18,704 18 Years Invested:$23,670 $100 5 Years Invested: $10,037 10 Years Invested: $19,710 15 Years Invested: $32,125 18 Years Invested: $41,203 $250 5 Years Invested: $20,281 10 Years Invested: $43,100 15 Years Invested: $72,385 18 Years Invested: $93,802 $500 5 Years Invested: $37,353 10 Years Invested: $82,082 15 Years Invested: $139,486 18 Years Invested: $181,466
Start saving as early as possible.
When saving for your student’s education, every extra year investing gives you a big advantage. This chart shows how much difference an early start can make (based on an initial $2,500 investment and different monthly contribution amounts).
Graph assumes an annual return of 5%.3
3 This hypothetical example illustrates the accumulation potential with a $2,500 initial investment and a monthly contribution plan at a 5% projected average annual return. The above example is based on projections and does not reflect your actual investment in the Bloomwell 529 Education Savings Plan. If fees were included, the returns would be lower. Your actual results may be more or less.
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